The United States and Iran have entered a new phase of their confrontation after US forces struck Iranian rocket launchers near the Strait of Hormuz and Tehran retaliated with missile and drone attacks against US military bases in Jordan, marking the first direct escalation between the two sides in more than a month.
Read more
More than 900 workers at hydropower projects remain trapped or unaccounted for in Nepal after a devastating flash flood and debris flow swept through the country's Himalayan valleys, turning the disaster into a major humanitarian crisis as well as a threat to its fast-growing power sector.
Read more
The Royal Commission for Riyadh City (RCRC) has launched the Riyadh Digital Innovation District, one of its key strategic initiatives aimed at positioning the capital as a global hub for technology talent and digital innovation.
Read more
The UAE's Telecommunications and Digital Government Regulatory Authority (TDRA) has granted Starlink Satellite Communications a 10-year General Space Services License, authorising the company to establish, operate, and manage a public satellite communications network and provide broadband satellite internet services in the UAE.
Read more
Oil prices are climbing once again, and with them, fears that inflation could make an unwelcome return. Renewed tensions between the US and Iran have shifted investors' attention back to the impact of higher energy costs on the global economy, said a leading global market strategist.
Read more
The value of the manufacturing sector's contribution to Oman's gross domestic product at constant prices reached approximately RO3.7 billion ($9.62 billion) by the end of 2025, according to statistics issued by the National Centre for Statistics and Information.
The South Container Terminal (SCT) at Jeddah Islamic Port handled over 221,200 twenty-foot equivalent units (TEUs) in July 2026, its highest monthly throughput since DP World began operating the terminal in 1999.
Abu Dhabi’s residential property sales values climbed 178% year-on-year to reach AED67.8 billion ($18.46 billion) in H1 2026, says leading real estate advisory and property consultancy, Cavendish Maxwell.
Dubai International (DXB) welcomed 31.5 million guests during the first six months of 2026, as airline capacity continued to return and demand strengthened through the second quarter following one of the most challenging operating environments in the airport's history.
US President Donald Trump has formally submitted a proposed civil nuclear cooperation agreement with Saudi Arabia to Congress, setting in motion a 90-day review period for a pact that would give US companies a major role in developing the kingdom’s nuclear power programme.
Iran and Oman have agreed to pursue a temporary shipping corridor through the Strait of Hormuz and launch efforts to clear mines from the strategic waterway, in the latest diplomatic push to restore the flow of vessels through the Strait.
Dubai ranked first globally, ahead of London, Singapore, Riyadh and Bengaluru among 233 cities, for the number of new foreign direct investment (FDI) projects in the cultural and creative sectors for a fourth consecutive year in 2025, attracting 754 projects, said a report.
Strong investor confidence, a strategic realignment of regional trade flows, and sustained momentum toward Vision 2030’s industrial diversification goals have reinforced Saudi Arabia’s position as a critical and resilient logistics hub, according to a JLL report.
The Board of Directors of Abu Dhabi Islamic Bank (ADIB), a leading Islamic financial institution, has approved a proposal to raise AED1.75 billion ($476.46 million) through a rights issue, subject to obtaining the necessary shareholder and regulatory approvals, including approval from the Central Bank of the UAE.
The Fujairah Natural Resources Corporation (FNRC) has signed an agreement with JSW Cement for the setting up of a new cement grinding unit in Al Tawyeen with a 1.65 million tonnes capacity per annum. The project will be implemented over a 15-month period.
The UK risks becoming trapped in a cycle of high electricity prices, weaker industrial demand and rising infrastructure costs unless it finds ways to increase power consumption, Energy Institute President Andy Brown has warned.
Rotana’s Dubai hotels are maintaining strong booking momentum ahead of the fourth quarter, with occupancy averaging 85% and forward bookings broadly matching or exceeding last year’s levels amid diverse leisure, corporate and events demand, according to Timur Ilgaz, Cluster General Manager.
A consortium comprising Nareva, Kanadevia Inova and Itochu Corporation has awarded BUTEC a major Engineering, Procurement and Construction (EPC) contract for Casablanca’s Waste-to-Energy (WtE) project. The consortium is delivering the project under a 33.5-year concession agreement with the Municipality of Casablanca.
About 80% of organisations expect AI spending to increase over the next two years, yet more than half struggle to operationalise the business knowledge AI needs to deliver business value, finds a new study.
Mazad, Bahrain’s leading digital auction and marketplace platform and a Mumtalakat portfolio company, has launche a new curated collection bringing various luxury names to the auction platform.
EYWA Way of Water, a waterfront residential project featuring 65 luxury residences in Dubai's Business Bay district, is targeting certification for electromagnetic exposure alongside top international wellness and sustainability standards. The premium development is due for completion in 2028.
Over 1,180 public and private schools across the UAE will reopen their doors on August 31 for the 2026-2027 academic year, welcoming more than 1.277 million students, it was revealed at a press conference on Wednesday held by the Ministry of Education.
Apple on Tuesday announced the new Mac mini with the all-new M6 and powerful M5 Pro and the new Mac Studio, featuring M5 Max and the all-new M5 Ultra.
Abu Dhabi Islamic Bank (ADIB), Marriott Bonvoy and Visa have launched two co-branded credit cards in the UAE, targeting travellers seeking rewards and premium lifestyle benefits.
The Royal Commission for Riyadh City (RCRC) has launched the Riyadh Digital Innovation District, one of its key strategic initiatives aimed at positioning the capital as a global hub for technology talent and digital innovation.
Wallan Trading Company, the official distributor of Hyundai vehicles in the Central and Northern regions of Saudi Arabia, has unveiled its all new Hyundai 'Venue' - a compact crossover that combines contemporary design, advanced technology and everyday practicality - in the kingdom.
The Bench, the organiser of Future Hospitality Summit (FHS) series, has announced that its key event - Branded Residences Forum (BRF) - is being renamed as ‘FHS Living’, thus bringing branded residences together with seven other living asset classes under a single, expanded platform.
The United States and Iran have entered a new phase of their confrontation after US forces struck Iranian rocket launchers near the Strait of Hormuz and Tehran retaliated with missile and drone attacks against US military bases in Jordan, marking the first direct escalation between the two sides in more than a month.
